<span>The variability we expect to see from one random sample to another. It is sometimes called sampling error.</span>
Answer:
D. A systematic approach to incident management.
Explanation:
National Incident Management System (NIMS) is a national system approach to incident management. It describes all the requirements for a standardised framework for communications between all jurisdictional levels and across functional disciplines.
Given:
Fixed cost = 100
Variable cost = 10 sweaters; 15
Variable cost = 11 sweaters; 17
Total cost of 10 sweaters = $100 + 15 = $115
Total cost of 11 sweaters = $100 + 17 = $117
Change in number of sweaters = 11 - 10 = 1
Change in total cost = $117 - 115 = $2
The marginal cost of the 11th sweater is $2.
Answer:
a.Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.
Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .
The opportunity cost of georgeland in producing clothes = 36 / 18=2
The opportunity cost of georgeland producing food = 18 / 36 = 0.5
For Alland,
the opportunity cost of producing clothes = 32 / 16= 2
the opportunity cost of producing food = 16 / 32 = 0.5
Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.
I hope my answer helps you
The statement above is FALSE.
Loews conglomeration is into many businesses including hotels, insurance, watches, oil, gas, tobacco, etc. The diversification strategy of the company is to buy up firms that are in financial mess, turn them into profitable ventures and then sell them at a premium. They also diversified by investing into new business fields.